As we see in the "ending diagonal scenario" the current situation fits more than perfect. We are now in the wave 2 of the new impulsive mega cycle wave up! Wave 2 have the characteristics that we are currently seeing now, violent corrections of previous move,wave 1. The only condition is reversal at current levels and then fast move up above 7500. I know might...
As we see historically doge trades in a range of 30 to 80 satoshi. So now we can take profits and move to another project, or keep the btc and start buying lower as we approach the lower support zone. You can see more in=depth analysis in our video here youtu.be
This has been left behind this mini rally, we expect to fly soon, lots of good news expected for September, banking license, cards, etc...
Because if it is the 330 will come pretty fast...
See the video and pls comment!
After hitting the big resistance zone, expect a minor retracement.
Just after the recent BO that caught everybody short, we access the new situation.
Target is 330, after breaking the consolidation at 290
Above 6500 the party begins, stay tuned! Like and comment!
We see XLM consolidating into a triangle formation, if you believe in the crypto revolution you should expect to breakout upwards, so long-term 2019 target would be around 5900sat. Be prepared to face 2800sat if this bear market persists.
I think the correction is over and if there is real value in this project we must see a decent upmove from those levels. Go long here.
"Bittrex Adds XRP and ETC US Dollar Markets on 8/20" and this coincides with the fact that currently in a consolidation, triangle forming and we expect to resolve into the upside
This is an example to show that classic TA doesnt work, its a typical H&S pattern that if triggers gives target -24$....I illustrate this example to show that many times we see what we wanna see only, and this is not the reality. I can also find countless examples like this one, also more on the fibo studies as well. I know I might spoil the dream of many rookies...
After almost 8 months in a correction, we are all trying to give an answer to where we stand and what lies ahead. tough question as the trend although starting to curb, its still downwards, and we see this with the effect every negative news have in the market. Now regarding the situation now, according to an EW scenario we can be in a ending diagonal C wave...
We expect this move to go at least up to 90k sat, omg is very oversold at the moment and sitting above fiat $5 support as well.
Close above 425 will trigger the inverted head and shoulders formation that gives target at 440-50. Stay tuned!